-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Taxpayer advocates like IPI giving budget recommendations. Bahahahaha. They just ran a 2.5 million dollar deficit. Maybe they should run their organization like a business and cut expenses instead of raising salaries across the board.
”Step right up and win a prize. Be amazed while we fool the pointy wire lemmings into believing our latest grift”
Illinois taxpayers are driving alright, driving themselves right out of this Dem controlled corrupt high tax fiscally insolvent blue state.
Did I miss anything?